Larry Weber quote:
"Some somber thoughts - moving SK canola average yield from 33.5 bpa to 36.5 bpa results in total canola production going from 19.2 to 20.1 MMT. Moving Alberta and SK canola yields to last years levels would leave a canola crop in Canada of 22.6 MMT. Still second guessing booking some canola? Yield results have been outright unreal."
I didn't think they were that good here. I will help bring the average down and the area affected I think is quite large.
I still think the trade has built in a bit of price increase for the short crop....but I think there is only one way for it to go after harvest happy hour is over.
"Some somber thoughts - moving SK canola average yield from 33.5 bpa to 36.5 bpa results in total canola production going from 19.2 to 20.1 MMT. Moving Alberta and SK canola yields to last years levels would leave a canola crop in Canada of 22.6 MMT. Still second guessing booking some canola? Yield results have been outright unreal."
I didn't think they were that good here. I will help bring the average down and the area affected I think is quite large.
I still think the trade has built in a bit of price increase for the short crop....but I think there is only one way for it to go after harvest happy hour is over.
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